AARP Life Insurance for Seniors Over 80: Options & Comparisons
Posted in Burial Insurance Carrier Reviews last updated on November 30, 2023Are you wondering if AARP life insurance for seniors over 80 is a good option? The answer is no they are a terrible option for life insurance over 80 because they do not have any plans available for over 80.
In addition to this being eligible for their life insurance is difficult because they seem to reject many common pre-existing health impairments among seniors.
Their whole life insurance rates(you cannot get a term policy with them at age 80) are much more expensive compared to other life insurance companies.
Simply put their policies at age 80 are not worth any seniors time. If you are thinking of using their coverage as final expense insurance for seniors over 80 look elsewhere.
AARP life insurance for seniors made our list of the worst life insurance companies for seniors for a reason.
In this article we will provide what they offer to age 80(not over 80), how much it costs, as well as better options.
Table of contents
There Are No AARP Life Insurance for Seniors Over 80 Options
To put it simply there are no options available for seniors over 80 when it comes to the AARP life insurance program. So if you are a senior age 81, 82, 83, 84 or over 85 you will not be able to get AARP permanent life insurance. Even if you are an AARP member it does not matter.
This is due to the fact that New York Life is the actual provider of the coverage. New York life insurance company underwrites and provides AARP’s term life insurance, whole and guaranteed acceptance life insurance products.
None of their policies require a medical exam but some of their policies do have health questions in addition to medical & prescription history checks.
All of their permanent life insurance from New York life insurance company offers coverage up to age 80 but not over age 80.
There is also no term life insurance from New York Life over age 74 which means if you are 80 or over you cannot get AARP term life coverage.
There Are Options for AARP Whole Life Insurance for Seniors at Age 80
Now if you just turned age 80 you can get a life insurance program from New York life however it is over priced compared to other companies.
They offer both simplified issue whole life & guaranteed issue whole life(final expense, burial, cremation and funeral insurance) policies.
Keep in mind you need to be an AARP member to apply for AARP life policies for members.
You can apply for this coverage on their website directly, speaking with an insurance agent or apply via the mail.
We strongly advise against getting a whole life policy with AARP because you will be over paying in most cases.
Below is the coverage details regarding AARP life insurance for seniors over 80.
Permanent Whole Life Coverage Details
- Type of Policy: Whole Life(life time coverage)
- Death Benefit Amounts: $5,000-$50,000
- Age to Apply: 50-80
- State Availability: All States Except for OR, LA, NJ, AK
Benefits
- No Waiting Periods
- Policy Never Expires
- Premiums Never Increase
- Death Benefit Never Decreases
- Policy Builds Cash Value
Guaranteed Acceptance Whole Life Coverage Details
- Type of Policy: Whole Life(life time coverage)
- Death Benefit Amounts: $5,000-$25,000
- Age to Apply: 50-80
- State Availability: All States
- Automatic 2 Year Waiting Period Before Policy Payout
Benefits
- Policy Never Expires
- Premiums Never Increase
- Death Benefit Never Decreases
- Policy Builds Cash Value
Eligibility for AARP Life Insurance Policies for Seniors Age 80
AARP guaranteed acceptance life insurance will accept anyone regardless of health issues.
The only required for getting AARP life insurance for seniors over 80 guaranteed acceptance is being a US citizen.
That being said it has an automatic 2 year waiting period because there are no health questions.
Now if you need burial insurance to protect your family wouldn’t you want a policy that starts immediately?
In addition to this wouldn’t you want the best rate possible for your age and health status? You get none of that if you apply for AARP guaranteed issue coverage.
There are other much more affordable guaranteed issue plans available on the market.
No Waiting Period AARP Life insurance for Seniors Over 80 Also Over Priced
Now AARP’s regular whole life plan with no waiting period does require answering health questions and will look at your health and other information.
If everything checks out they will approve you for a policy with no waiting period however you will be overpaying on your premiums compared to other companies.
In addition to this AARP’s simplified issue plan seems much more difficult to qualify for compared to other companies like Mutual of Omaha or Prosperity Life which both offer coverage over 80.
Instead of worrying about AARP life insurance for seniors over 80 to handle your end of life expenses consider the better options we have included in this article.
AARP Life Insurance Rates for Seniors Age 80
Below is going to be a table listing the cost of AARP life insurance rates at age 80. Remember 80 is the final age to get any kind of life insurance offers from AARP. Their rates are based on your age, health, gender and lifestyle for these life insurance quotes.
AARP offers life insurance plans to seniors up to age 80 not over 80.
Whole Life Costs for Age 80
| Age | Male Nonsmoker $10,000 | Female Nonsmoker $10,000 | Male Smoker $10,000 | Female Smoker $10,000 |
|---|---|---|---|---|
| 80 | $129 | $97 | $209 | $179 |
Guaranteed Issue Costs for Age 80
| Age | Male $10,000 | Male $25,000 | Female $10,000 | Female $25,000 |
|---|---|---|---|---|
| 80 | $145 | $360 | $112 | $278 |
Better Life Insurance Companies for Seniors Over 80
The best life insurance companies for seniors over 80 are going to be listed below. When shopping for life insurance it is important to compare options if you are considering AARP.
You should compare New York Life’s life insurance premiums to these companies below.
Mutual of Omaha
Mutual of Omaha whole life final expense insurance offers up to $50,000 in coverage and has more favorable underwriting for no waiting period approvals.
Their living promise policy offers living benefits and covers seniors up to age 85 which can make Mutual of Omaha life insurance for seniors over 80 is far superior to AARP life insurance for seniors over 80.
 | Age Eligibility | Policy Brochure |
★★★★★ | 45-85 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Graded Plan(yes) Level Plan(no) |
| Death Benefit Amounts: $2,000-$50,000 | Level Death Benefit(Death Benefit Never Decreases) | |
| Available States: All Except NY | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exams Required | |
| Accelerated Death Benefit Rider | Allows the insured to access a portion of the policy’s death benefit while alive for various needs such as medical bills, living expenses, and funeral expenses. | |
| Eligibility | Applicable when the insured is diagnosed with a terminal illness (12 months to live) or has been confined to a nursing home for more than 90 days without the expectation of leaving. | |
| Inclusion | Automatically included in the policy at no extra cost. | |
| Accidental Death Benefit Rider | Provides an extra death benefit equal to the policy’s death benefit in case of death resulting from an accident. | |
| Inclusion | Requires an additional charge to be added to the policy. | |
Prosperity
Prosperity life’s new vista burial policy is exceptional liberal in underwriting. Even applicants with heart conditions have a strong chance of being approved for no waiting period coverage.
If AARP has turned you down due to heart conditions prosperity is a much better option and will likely approve you for no waiting periods.
 | Age Eligibility | Policy Brochure |
★★★★★ | 55-80 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Graded & Modified Plans(yes) Level Plan(no) |
| Available States: All Except SC,SD,CT,MT,NY,ND | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exam Required | |
| Death Benefit Amounts: $5,000-$35,000 | Level Death Benefit(Death Benefit Never Decreases) | |
| Accelerated Death Benefit Rider | Allows the insured to access the policy death benefit in the event of a terminal illness, providing funds for various needs such as living expenses or early funeral expenses. | |
| Accidental Death Benefit Rider | Doubles the policy payout if death is a result of an accident, operating similarly to other accidental riders. | |
Transamerica
Transamerica final expense coverage is just as affordable as Mutual of Omaha and also offers coverage over 80.
 | Age Eligibility | Policy Brochure |
★★★★★ | 45-85 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Graded Plan(yes) Preferred & Standard Plans(no) |
| Available States: All States | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exams Required | |
| Death Benefit Amounts: $2,000-$50,000 | Level Death Benefit(Death Benefit Never Decreases) | |
| Accelerated Death Benefit Rider & Nursing Home Confinement | Pays the full death benefit if the insured experiences a terminal illness or is confined to a nursing home. | |
| Accidental Death Benefit Rider | Pays an additional coverage amount equal to the face amount for ages 18-70 in the event of death due to an accident. The policy payout doubles, e.g., a $15,000 policy becomes a $30,000 payout to the beneficiary. | |
| Children & Grandchildren Benefit Rider | Offers coverage between $1,000 – $5,000 for children aged 15 days – 18 years, with a maximum of 9 children covered. The coverage can be converted when the child becomes an adult. | |
American Amicable
American Amicable’s funeral policy offers the cheapest smoker rates in the life insurance industry if you are a smoker buy coverage with them. AARP will be much more expensive their smoker rates are higher.
 | Age Eligibility | Policy Brochure |
★ ★ ★ ★ ★ | 50-85 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Immediate Benefit Plan(No) Graded & ROP Plans(Yes) |
| Available States: All Except NY | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exams Required | |
| Death Benefit Amounts: $2,000-$50,000 | Level Death Benefit(Death Benefit Never Decreases) | |
| Terminal Ilness Accelerated Death Benefit Rider | Allows the insured diagnosed with a terminal illness to use the entire policy death benefit (100%) for any purpose. If you have a $10,000 policy and are diagnosed with a terminal illness, you can access the full $10,000 for various needs. | |
| Accelerated Death Benefit Rider Confined Care | Provides 5% of the death benefit in monthly payments if the insured is confined to a nursing home 30 days after the policy starts. Can be used for monthly bills or other smaller expenses. | |
| Grandchild Rider | Offers $5,000 life insurance coverage per unit for a grandchild or great grandchild, with a maximum of 2 units totaling $10,000 in coverage. Costs an additional $1.00 on the monthly policy premium per unit for each grandchild. | |
| Children’s Insurance Agreement | Provides up to $6,000 in coverage for each child below age 25. Can be converted to a whole life or endowment policy when the child is over 25. Allows coverage up to 5 times the coverage amount, totaling $30,000, without demonstrating insurability. | |
| Nursing Home Waiver of Premium Rider | Waives premium payments on the policy if the insured is confined to a nursing home for over 90 days, making the insurance essentially free. | |
| Accidental Death Benefit Rider | Doubles the death benefit payout if the insured or loved one dies from an accident, with no additional cost to be added. | |
Aetna Accendo
Aetna’s burial insurance policy is friendly to applicants with breathing conditions. If AARP turned you down due to some sort of breathing issue(COPD etc.) try applying with Aetna.
 | Age Eligibility | Policy Brochure |
★★★★★ | 40-89(Preferred & Standard Plans) 40-75(Modified Plan) | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life (Lifetime Coverage) | Waiting Period: Preferred & Standard Plan(No) Modified Plan(Yes) |
| Available States: All Except NY | Level Premiums (Premiums Never Increase) |
|
| Cash Value Builds in Policy | No Medical Exams Required | |
| Death Benefit Amounts: $2,000-$50,000 | Level Death Benefit (Death Benefit Never Decreases) |
|
| Accelerated Death Benefit Rider | Allows the insured diagnosed with terminal, critical, or chronic illness with an expected death within 12 months to access 50% of the policy death benefit for various purposes such as bills or funeral planning. | |
| Accidental Death Benefit Rider | Pays out an amount equal to the policy death benefit for accidental death if the insured is between 40 and 70 years old. | |
| Children’s Term Insurance Rider | Children and grandchildren aged 30 days to under 18 years old can be covered for amounts ranging from $2,500 to $10,000 each. The policy can be converted to a whole life policy for the child between the ages of 22 and 25. | |
Guarantee Trust Life
Guarantee Trust’s heritage plan has only 5 health questions and offers half of a waiting period. This means after year 1, 50% of the policy pays out.
After year 2 the policy pays out in full which is much better than a full 2 year waiting period policy.
 | Age Eligibility | Policy Brochure |
★★★★★ | 50-90 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Year 1: ROP+5% Interest Year 2: 50% of Death Benefit Paid Year 3: 100% Death Benefit Paid |
| Available States: All Except NY | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exams Required | |
| Death Benefit Amounts: $2,500-$20,000 | Level Death Benefit(Death Benefit Never Decreases) |